• Income to year end 31.3.15 of £222,378
• Strong profits
• Potential owners accommodation
Superb 10 bed care home all single rooms with 5 en-suite. Substantial semi-detached and extended victorian built three storey property set within a good sized offering potential owners accommodation. Genuine lifestyle potential. Fee income to year end 31.3.15 £222,378. Freehold. Ref 43746
Pendarves is a 10 bed home which provides quality care for the elderly in a comfortable and pleasant environment, located in the market town of Camborne Cornwall, approx. 16 miles from Truro. The area has expanded considerably in recent years due to the economic growth in the region and offers excellent lifestyle potential.
Camborne has its own railway station along the Penzance to London routes, along with various bus routes linking the cities of Truro and Plymouth. Cornwall is a popular tourist attraction boasting some of the UK’s best beaches in the area.
The business trades from a substantial Victorian built three storey property which has been extended over time to now provide good sized accommodation with a home-from-home feel, with 10 single bedrooms, 5 of which are en suite bedrooms. The bedrooms are arranged over the ground and first floor and there is a communal lounge, dining room and conservatory which provides residents with a tranquil and comfortable living arrangement.
The business was purchased by our client in 2000 although there has been a care home on the same site since the 1970’s. Since the purchase in 2000 the property has undergone a vast refurbishment campaign and is now presented in excellent condition throughout including the flooring and bathrooms. Separate rooms are available on the second floor and could be utilized as a 2 bedroom owners or managers accommodation. Some minor works would be required to this area.
Pendarves Care Home has an extremely good reputation with the local authority with regards to placements although the vast majority of residents are private fee paying clients with fees in the region of £608 - £850 per week, with year-end figures to 31.5.15 showing an income of £222,378, with excellent profits.
In our opinion this is an ideal opportunity to purchase a well established and well respected business in a popular Cornwall location. The home would ideally represent an excellent investment for an expe
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